Stellar ($XLM) has experienced a pullback following a robust rally in September, during which it surged nearly 26%. The upward momentum has faded as it approached the $0.23 to $0.24 range. Currently priced at $0.22, questions arise regarding whether this consolidation phase might enable another upward movement. The weekly chart indicates that $XLM is forming a long-term symmetrical triangle, coupled with rising derivatives. Consequently, a breakout past $0.25 could bring the $0.30 mark into play, but for this to happen, the $XLM price must overcome resistance and maintain buying interest.
On the weekly chart, the $XLM price is currently contained within a significant symmetrical triangle. The upper trendline has acted as a barrier to several rallies since reaching a peak in 2025, while the lower trendline has offered support during the latest recovery. These two lines are converging, leading to a critical point. Right now, the price is challenging the $0.22 to $0.24 resistance zone, which combines horizontal resistance with the descending trendline. Thus, a weekly close above this range could reinforce the bullish outlook.